New Mortgage Rules For Self-Employed Borrowers

Posted from: http://www.zillow.com/blog/new-mortgage-rules-self-employed-197638/

If you’re self-employed, you must meet different requirements than a salaried person to qualify for a mortgage. The rules about how that works were updated in recent months to take an even closer look at your business income, so let’s review the rules for self-employed people borrowing for the first time, and for those who will be impacted by new rules next time they get a loan.

Self-employed borrower basics

Two of the most important things lenders review to qualify you for a …

Posted from: http://www.zillow.com/blog/new-mortgage-rules-self-employed-197638/

If you’re self-employed, you must meet different requirements than a salaried person to qualify for a mortgage. The rules about how that works were updated in recent months to take an even closer look at your business income, so let’s review the rules for self-employed people borrowing for the first time, and for those who will be impacted by new rules next time they get a loan.

Self-employed borrower basics

Two of the most important things lenders review to qualify you for a …

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